Category: Finance

Foreign investors are choosing Bangladesh as investment destination due to low labour cost comparing to that of other countries, including China and Vietnam.

Twenty-five of the Bangladesh missions abroad could not achieve their export targets for the July-January period of the current fiscal (2012-13), mostly because of the slow pace in export growth.

President of Dhaka Chamber of Commerce and Industry (DCCI) M Sabur Khan on Saturday urged the US entrepreneurs to invest in Bangladesh’s renewable energy sector.

Sri Lanka offers special concessions and incentives to Bangladeshi traders interested in availing themselves of the facilities at the newly-built Hambantota Deep Seaport along the southern harbour of the Island country.

Sammilta Parishad has swept the election to BGMEA, the apparel sector’s trade body, bagging 21directors’ posts out of 27.

China’s ambassador to Kathmandu was recently pictured in a traditional Nepali cap and silk scarf, digging with a spade to symbolise the laying of the foundations of a new dry port near the Tibet border.

Counting votes began as Bangladesh Garment Manufacturers and Exporters Association (BGMEA) biennial polls for the 2013-2014 tenure ended peacefully on Sunday.

Leaders of Sammilito Parishad, a platform which is contesting the BGMEA polls, on Thursday said they do not want to advise political parties but requested them to solve the political crisis politically through dialogue instead of enforcing hartals.

Bangladesh’s single-country ‘Trade Fair 2013’ kicked off at the office of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) in Yangon Wednesday, aiming to popularise Bangladeshi products.

Bangladesh Government and International Development Association of World Bank (WB) signed a credit deal of Tk 274 crore on Wednesday morning.

Over 3,000 mid-level workers of ready made garment factories have received training on fire safety till Saturday. The burgeoning industry’s apex body Bangladesh Garment Manufacturers and Exporters Association (BGMEA) initiated the crash programme in the wake of the Nov 24…

At least 200 workers of a readymade garments factory at Ashulia in Savar fell sick on Thursday night after eating food provided by the factory office.

A devastating fire damaged property worth around Tk 1.5 crore of Surichala Textile and Dyeing Factory at Kaliakoir of the district. The fire originated from an electrical short circuit of Melba textile section waving machine around 2:00 pm Friday.

A Dhaka court on Thursday granted bail to Hall-Mark Group Chairman Jesmin Islam in 11 cases filed by Anti-Corruption Commission (ACC) for Sonali Bank loan scam. Senior Special Judge M Jahurul Haque granted the bail after hearing of the cases.

After withdrawing request for World Bank funding for the $2.9 billion Padma bridge, Bangladesh is toying with three foreign options, but informed sources say the Chinese are clearly ahead of India and Malaysia.

The Dhaka Stock Exchange (DSE) has suggested that the Bangladesh government consider tapping capital markets for funding the construction of the Padma Bridge.This comes in the wake of the government’s decision to withdraw request of World Bank financing of the…

A government investigation found evidence of illegal and suspicious transactions of around Tk 31billion by Destiny 2000 Ltd, a multi-level marketing company, the Commerce Minister told Parliament on Sunday. Replying to a written question by Sadhana Halder MP, Ghulam Muhammed…

A Dhaka Court on Wednesday placed Chairman of Smart Garments Zakir Ahmed and Managing Director Sharif Ahmed on a 2-day remand for police interrogation. Metropolitan Magistrate Hasibul Haque granted the remand when police produced him before the court with a…

Iran will start within coming days a new gasoline production unit at the Shazand refinery which will produce 8.5 million liters gasoline a day. The Mehr news agency reported on Friday, Tehran Times print the news on Saturday. Rashid Seyedian,…